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There is a growing understanding that a rethink of the global economic system is necessary to address the root causes of the unsustainable use of natural resources and achieve sustainable development. The bioeconomy has emerged as a concept for tackling challenges such as the overconsumption of and overreliance on non-renewable natural resources. The bioeconomy commonly refers to the use of biological resources and processes. Bio-based materials can substitute fossil sources to produce energy, food, feed, fibre, and other manufactured goods. The development of the sustainable bioeconomy is considered as a way of helping to reach the Sustainable Development Goals. This report addresses the role of forest products in the global bioeconomy. In particular it explores how substitution of greenhouse gas intensive products by wood-based products could help replace fossil-based and GHG-intensive products. It explores how substitution by forest products could support sustainable development